MUMBAI: General insurance industry crossed Rs 1 lakh crore premium income at the end of January 2017, registering a growth of 32 per cent aided by growth in crop and property insurance.
According to the data from the insurance regulator, during the first 10 months of the financial year, the industry earned premium income of Rs 1.04 lakh crore, a growth of 32 per cent from Rs 78,709 crore in April-January of the previous year.
Standalone health insurance companies saw income of Rs 4,276 crore during the first 10 months.
State-run public sector insurance companies had a market share of 46.99 per cent where private sector companies were at 42.03 per cent. HDFC Ergo General Insurance has become the third largest insurer with around 4.9 per cent after acquiring L&T General insurance.
According to the data from the insurance regulator, during the first 10 months of the financial year, the industry earned premium income of Rs 1.04 lakh crore, a growth of 32 per cent from Rs 78,709 crore in April-January of the previous year.
Standalone health insurance companies saw inco ..
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According to the data from the insurance regulator, during the first 10 months of the financial year, the industry earned premium income of Rs 1.04 lakh crore, a growth of 32 per cent from Rs 78,709 crore in April-January of the previous year.
Standalone health insurance companies saw inco ..